2023 CPP Certified Payroll Professional Practice Exam questions with complete solutions
From what taxes are cafeteria plan contributions generally exempt? A. SS, Medi, FIT, and FUTA B. FIT and SIT C. SS, Medi, FUTA, and SUI D. SS, Medi, FIT, and SIT correct answers A. Social Security, Medicare, FIT, and FUTA Reference 4.5 Cafeteria Plans In which boxes on the W-2 would you report the adoption assistance? A. Boxes 3, 4, 5, 6 B. Boxes 1, 2, 3, 4, 5, 6, 12 - Code T C. Boxes 3, 4, 5, 6, 12 - Code A D. Boxes 3, 4, 5, 6, 12- Code T correct answers D. Boxes 3, 4, 5, 6, 12- Code T Reference 3.3 - 7 Adoption Assistance Which account is generally listed first on a corporate balance sheet? A. Investments in subsidiary companies B. Land and improvements C. Prepaid expenses D. Buildings and other property correct answers C. Prepaid expenses What is a key advantage of processing payroll with a service provider compared to an in-house payroll system?
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Liberty University
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2023 cpp certified payroll professional practice exam questions with complete solutions
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